The California property tax system puts an unfair burden on homeowners and new businesses.
"..Walt Disney Co. pays as little as 2 and 3 cents per square foot for some of theparcels that make up the original Disneyland, with the average being about a nickel. Under Proposition 13 rules, Disney's taxes on that land are based on the assessed value from the late 1970s, when Proposition 13 kicked in... In its report, the Senate Office of Research focused on "loopholes" that allow business ownership to change without triggering a reassessment. A change of ownership on a home is easy to determine, but it can be murkier for businesses. Does a publicly traded company change hands, for example, when a majority of its stock turns over? And if stock turnover equals ownership change, how can assessors keep track of it?"
Thanks to Chris Steins
FULL STORY: Firms' Prop. 13 Savings Are Coveted
Pennsylvania Mall Conversion Bill Passes House
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World's Largest Wildlife Overpass In the Works in Los Angeles County
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AI Traffic Management Comes to Dallas-Fort Worth
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City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
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